Common use of Nature of the Grant Clause in Contracts

Nature of the Grant. In accepting this Agreement, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan or this Agreement; b. the grant of TSR XXXx is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of TSR XXXx, or benefits in lieu of TSR XXXx even if TSR XXXx have been awarded in the past; c. all decisions with respect to future grants of TSR XXXx, if any, will be at the sole discretion of the Company; d. the Participant’s participation in the Plan is voluntary; e. the TSR XXXx and the Shares subject to the TSR XXXx, and the income from and value of same, are not intended to replace any pension rights or compensation; f. the Participant’s participation in the Plan will not create or amend a right to further employment with the Company or, if different, the Participant’s actual employer (the “Employer”) and shall not interfere with the ability of the Employer to terminate Participant’s service at any time with or without cause; g. TSR XXXx are an extraordinary item that do not constitute compensation of any kind for services of any kind rendered to the Company or to the Employer, and TSR XXXx are outside the scope of the Participant’s employment contract, if any; h. TSR XXXx and the Shares subject to the TSR XXXX, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;

Nature of the Grant. In accepting this Agreement, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan or this Agreement; b. the grant of TSR CAGR XXXx is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of TSR CAGR XXXx, or benefits in lieu of TSR CAGR XXXx even if TSR CAGR XXXx have been awarded in the past; c. all decisions with respect to future grants of TSR CAGR XXXx, if any, will be at the sole discretion of the Company; d. the Participant’s participation in the Plan is voluntary; e. the TSR CAGR XXXx and the Shares subject to the TSR CAGR XXXx, and the income from and value of same, are not intended to replace any pension rights or compensation; f. the Participant’s participation in the Plan will not create or amend a right to further employment with the Company or, if different, the Participant’s actual employer (the “Employer”) and shall not interfere with the ability of the Employer to terminate Participant’s service at any time with or without cause; g. TSR CAGR XXXx are an extraordinary item that do not constitute compensation of any kind for services of any kind rendered to the Company or to the Employer, and TSR CAGR XXXx are outside the scope of the Participant’s employment contract, if any; h. TSR CAGR XXXx and the Shares subject to the TSR XXXXCAGR XXXx, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;

Nature of the Grant. In accepting this Agreement, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan or this Agreement; b. the grant of TSR EPS XXXx is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of TSR EPS XXXx, or benefits in lieu of TSR EPS XXXx even if TSR EPS XXXx have been awarded in the past; c. all decisions with respect to future grants of TSR EPS XXXx, if any, will be at the sole discretion of the Company; d. the Participant’s participation in the Plan is voluntary; e. the TSR EPS XXXx and the Shares subject to the TSR EPS XXXx, and the income from and value of same, are not intended to replace any pension rights or compensation; f. the Participant’s participation in the Plan will not create or amend a right to further employment with the Company or, if different, the Participant’s actual employer (the “Employer”) and shall not interfere with the ability of the Employer to terminate Participant’s service at any time with or without cause; g. TSR EPS XXXx are an extraordinary item that do not constitute compensation of any kind for services of any kind rendered to the Company or to the Employer, and TSR EPS XXXx are outside the scope of the Participant’s employment contract, if any; h. TSR EPS XXXx and the Shares subject to the TSR XXXXEPS XXXx, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;

Nature of the Grant. In accepting this Agreement, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan or this Agreement; b. the grant of TSR XX XXXx is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of TSR XX XXXx, or benefits in lieu of TSR XX XXXx even if TSR XX XXXx have been awarded in the past; c. all decisions with respect to future grants of TSR XX XXXx, if any, will be at the sole discretion of the Company; d. the Participant’s participation in the Plan is voluntary; e. the TSR XX XXXx and the Shares subject to the TSR XX XXXx, and the income from and value of same, are not intended to replace any pension rights or compensation; f. the Participant’s participation in the Plan will not create or amend a right to further employment with the Company or, if different, the Participant’s actual employer (the “Employer”) and shall not interfere with the ability of the Employer to terminate Participant’s service at any time with or without cause; g. TSR XX XXXx are an extraordinary item that do not constitute compensation of any kind for services of any kind rendered to the Company or to the Employer, and TSR XX XXXx are outside the scope of the Participant’s employment contract, if any; h. TSR XX XXXx and the Shares subject to the TSR XXXXXX XXXx, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar mandatory payments;